May
 09
 2019



Christopher

Hello,

Welcome to a new edition of The Spin. There was glamour in Europe and the USA last night as we gave out awards in Germany and Louis Vuitton showed Cruise in what will undoubtedly be a hot new hotel in New York. Meanwhile, data breaches remain a headache for stores, but they are getting good advice about how to avoid them. And two famous singers are once again in the news re their fashion side projects. Enjoy the read. Best, Christopher



brands

Fab four. TextilWirtschaft, the parent publication of The Spin, bestowed its yearly Forum Prizes (translated by Google) on four European brands and businesses at a ceremony in Germany attended by more than 500 people last night. The four honorees, who were previously selected by a 16-member jury, are Darmstadt-based sneaker store Asphaltgold, Italian denim mill Candiani, which recently opened a physical store in Milan, French department store Le Bon Marché and On Running, the Zurich-based shoe specialist that received the International Brand of the Year prize.



Airport runway. Two nights after the Met Gala, Louis Vuitton presented its Resort 2020 collection at a star-studded fashion show at John F. Kennedy Airport's restored TWA Flight Center building. The structure, designed by Eero Saarinen, built in 1962 and declared a national landmark in 2005, will reopen to the public next week as the buzzed about TWA Hotel. And while the building is a shining example of mid-century modern design, Nicolas Ghesquière's collection (gallery) was heavily inspired by the 1980s.



Opening doors in Hollywood. California-based designer John Elliot has a brand new showcase for his eponymous, eight-year-old brand: its first brick-and-mortar store, on Melrose Avenue in West Hollywood. The industrial-themed space stocks his street-friendly men's and women's clothing and shoes. The store's arrival marks another sign of a revival/remake for the LA street, which had its retail heyday in the 2000s when Paris Hilton and her ilk frequently shopped there.





tech

Defending data. US telecommunications company Verizon has released its annual Data Breach Investigations Report and the study holds some interesting information for retailers. Unlike in prior years, skimming customer information from a physical credit or debit card is down but this practice seems to have been replaced by attacks on e-commerce payment apps. It also named retail as one of the fastest sectors to fix any problems after a breach.





people

Coin for Cristina. Italian retail chain Coin SpA has (paywall) a new chief executive officer, Cristina Mollis, a longtime veteran of the digital sphere. In her newly created position, the CEO said (in Italian) she will stress sustainability and social interests at Coin, which operates about 40 stores and was fully purchased by a new owner, Centenary SpA, in March 2018.



Weakening Wilson. In the latest volley of their ongoing feud, the board of Lululemon has rescinded the right of company founder Chip Wilson to appoint a member to the board. It says that the move comes as a result of him breaking the terms of a 2014 agreement between the two but did not give any specifics. Wilson resigned as chairman in 2013 but still owns a more than 9 percent stake in the athletic brand and has been vocal in his criticism of how the company is being run in his absence.





retail

Round two. The second fashion collection that singer Cardi B created for Fashion Nova dropped online yesterday. Expected to quickly sell out like the first one that debuted last year, the offering, sold on the brand's website and five physical stores in SoCal, consists of 107 pieces with a mostly retro inspiration.





last

Woebegone West. Kanye West is not having a good week – at least in the world of fashion. He is now being sued by a Japanese fabric company that claims he owes it more than $600,000 for fleece fabric used in his Yeezy line, many on social media have mocked the leaked images of a new Yeezy shoe sample and he has been criticized for his extremely casual all-black Met Gala outfit choice. But maybe in Kanye's world all publicity is good publicity?







logo-small   

is a product
delivered to you by
textilwirtschaft.de | Imprint